RBC Bearings buys Coastal Bearings Services

Industrial Distribution staff -- Industrial Distribution, 7/26/2007 6:25:00 AM

RBC Bearings Inc. acquired CBS/Coastal Bearing Services for roughly $3.7 million in cash.

Houston-based CBS makes large bearings for the oil, mining and industrial markets in sizes up to 124 inches. The company, which will become part of RBC’s ball bearings division, had revenues of $3.1 million last year.

The deal increases Oxford, Conn.based RBC's reach into the large bearings industry, chairman and CEO Michael Hartnett said.

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